Category: crypto

Payy has introduced a privacy-enabled Ethereum layer 2 network that makes ERC-20 transfers private by default without altering smart contracts. The network routes transactions through private ERC-20 pools, concealing the destination of funds. Payy targets institutions, fintech firms, and privacy enthusiasts, aiming to enhance privacy in on-chain financial activities.

Bhutan-linked wallets controlled by DHI moved over $22 million in Bitcoin this week, including a $14 million transfer and an $8.3 million transaction to a merchant deposit. The transfers do not confirm sales, but suggest active treasury management. Bhutan’s Bitcoin holdings have decreased, but the country remains a significant sovereign Bitcoin holder.

U.S. spot Bitcoin ETFs experienced $545M in daily outflows as BTC, ETH, and SOL prices dropped, highlighting the impact of concentrated ETF ownership on market downturns. Despite significant inflows over the past year, outflows persist, with Bitcoin trading around $73,103 and analysts warning of potential further declines.

Over 60% of analyzed crypto press releases are linked to high-risk or scam projects, raising concerns about credibility. Most releases focus on low-impact updates, with only 2% tied to major events. Crypto press releases often prioritize hype over substance, with many distributed through paid placement services on news websites.

Peter Schiff criticized Strategy after their Bitcoin holdings went $630 million underwater, erasing $47 billion in gains. Schiff argues Strategy’s buying drove Bitcoin’s rise but is now dragging prices down. Michael Saylor defends Strategy, saying it broadens Bitcoin access, with 50 million people exposed. The debate continues over Strategy’s strategy.

IREN Ltd., previously a Bitcoin mining company, is now focused on providing AI infrastructure. The company has secured a partnership with Microsoft and is repurposing its energy sites into data centers. Investors are concerned about potential dilution risk ahead of the second-quarter earnings report, which will test the company’s transformation.

Ripple has integrated Hyperliquid into its institutional trading platform, allowing clients to trade on decentralized derivatives markets. This move marks Ripple’s first direct entry into on-chain trading venues, bridging traditional finance with decentralized trading. The integration streamlines the trading process for institutional clients, offering a wider range of digital assets.

CME Group is considering launching its own digital token for crypto trading, aiming to improve capital efficiency and reduce friction in high-volume derivatives trading. The project is part of a larger initiative to modernize margin and settlement for crypto derivatives, with plans to expand crypto trading hours to 24/7.

Nevada’s Gaming Control Board has filed a civil enforcement action against Coinbase for allegedly offering unlicensed sports wagering through its prediction market products. Authorities are seeking a restraining order and injunction to block Coinbase’s activities in the state. This action is part of ongoing legal battles over the regulation of prediction markets in the US.

Tether has reduced its fundraising target from $20 billion to as low as $5 billion. CEO Paolo Ardoino clarified that the $20 billion figure was a maximum threshold, not a goal. Despite interest at a $500 billion valuation, some investors are hesitant due to regulatory risks. Tether’s profits declined in 2025, attributed to Bitcoin’s underperformance.…